Faber Gardens was recently relaunched for public tender on 3 October by exclusive marketing agent CBRE.

Located at 2,4,6,8,10 Angklong Lane, off Upper Thomson Road, the sprawling site sits next to Singapore's Central Nature Reserve and enjoys tranquil exclusivity, while also being conveniently connected to the city via the MRT network, main roads and expressways. 

The site area is approximately 544,738 square feet and has been zoned "residential" according to the Masterplan 2014, with a plot ratio of 1.6 and a height control of 12 storeys. The maximum allowable gross floor area (GFA) is approximately 871,581 square feet and 958,739 square feet (including 10% bonus balconies).

The development charge payable to intensify the gross floor area is approximately $52.8 million. Including further development charge payable for the 10% bonus balconies GFA, the total DC payable is approximately $106.7 million.

A traffic impact assessment has been conducted for the development and the authorities will support 900 dwelling units for the proposed new development.

Galven Tan, Executive Director, Capital Markets, CBRE said, “The Faber Garden site is the largest freehold site in Upper Thomson. It provides developers ample planning flexibility to develop a landmark development in an exclusive, predominantly landed residential estate. With Bright Hill MRT station and the Central Natural Reserve at its doorstep, the site offers the ease of transport connectivity and tranquillity of nature.”

Source: CBRE Singapore

Mr Tan adds, “While developers have become more selective with land acquisitions after the latest round of cooling measures, centrally located sites with exceptional attributes such as the Faber Garden site are rare, and continue to attract developers’ attention. The recent strong performance of Jadescape where 300 units were sold on the launch weekend, is further testament to the demand and popularity of the Thomson area.”

The location, off Upper Thomson Road, is characterized by affluent Good Class Bungalows (Windsor Park GCBA), landed housing and private condominiums. Singapore’s ‘oldest and grandest’ golf and country club, The Singapore Island Country Club Island Location (SICC), is located across from the site. Upper Thomson Road is undisputedly the best district of Central Northern Singapore (District 20).

One of the key attributes of the site is being next to the Central Nature Reserve. The popular Windsor Nature Park (TreeTop walk) and Lower Pierce Reservoir are within walking distance from the site. In addition, it is approximately one kilometre away from Ai Tong School, and within close proximity to CHIJ St Nicholas Girls School, Catholic High School, Raffles Institution, and Australian International School.

The reserve price of Faber Garden is $1.18 billion.

Owners representing more than 80% of the share value and strata area have signed the Collective Sale Agreement (CSA).

The Public Tender for Faber Garden will close at 3pm on 31 October 2018.

For more information or to discuss the public tender, phone or email Galven Tan, Executive Director, Capital Markets, CBRE via the contact details listed below. 

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